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Jan 14, 2013
01/13
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monthly deaths of the consumer, such as taxes and insurance, generally cannot add up to more than 43% of their monthly gross income. no standard is perfect, but the standard here provides a clear line with a measure of protection to borrowers that have increased certainty in the mortgage market. host: i want to bring in a few callers on this subject for you. oklahoma city, oklahoma, democratic line. good morning, vernon. caller: i am tickled to death that the government is setting the rules for the financial industry when it comes to the home market. people worked all their lives to provide a home and held for ways to get it paid off before they retire. this is the one area that the government needs to regulate and regulate closely and i am glad we're finally doing that. now, of course, we have drawn a line in the sand that we can hopefully reclaim. can we hope that it will ever change back to what we thought we had been through? guest: an excellent question. another one to add to that is -- will the regulators have the appetite to regulate this closely? making sure that banks are abi
monthly deaths of the consumer, such as taxes and insurance, generally cannot add up to more than 43% of their monthly gross income. no standard is perfect, but the standard here provides a clear line with a measure of protection to borrowers that have increased certainty in the mortgage market. host: i want to bring in a few callers on this subject for you. oklahoma city, oklahoma, democratic line. good morning, vernon. caller: i am tickled to death that the government is setting the rules for...
SFGTV2: San Francisco Government Television
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Jan 21, 2013
01/13
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we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here from oakland cut -- oakland, i saw those cars in the ordinary lanes. one person per car. you have this one person with all this steel and plastic and oil. it is ridiculous. we're figuring out ways to do that. whether it is high speed rail or electric cars. the first will be rolling off the factory in treatments in the next few months -- in three months and in the next few months. yes, the innovative companies are small. the electric cars -- the tanks are small but so is fairchild or in tal or hewlett-packard -- intel or hewlett-packard or steve jobs. the seats we plan
we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here...
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Jan 14, 2013
01/13
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raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that what our government do whatever they wanted. guest: not enough people are calling their representatives and senators about the debt ceiling and the way we've handled the last 12 months. what you have to do is call your congressman or senator. someone will answer and be polite to you. you have to insist to get the message through. elections have consequences. the division right now is very extreme. are we being played? politicians will wait until the last second until they do what is the right thing. i expect to happen this time is we will get around that during 26th or 27th
raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that...
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Jan 19, 2013
01/13
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tax increases and spending cuts to that size, the cbo and others estimated that unemployment would rise and we very well might go back into a recession. so the challenge is to achieve long run sustainability without unduly hampering the recovery which we have. the deal that was struck, together with the previous work in 2011 that involved some spending cuts made some progress in both of these goals. on longer and sustainability, over the next decade or so, we have seen some movement toward stability in terms of the debt to gdp ratio. more work can be done, for sure. and then, on the short run, the fiscal cliff deal on new year's eliminated a good bit of the components of the fiscal policy that would have had such bad effects. not completely, but it was a good start. so there was a bit of progress on both of these goals. but i should hasten to say that we are not out of the woods because we are approaching a number of other fiscal critical watersheds coming up. we have the funding of the government, the so-called sequester, number of spending cuts that were laid as part of the fiscal cli
tax increases and spending cuts to that size, the cbo and others estimated that unemployment would rise and we very well might go back into a recession. so the challenge is to achieve long run sustainability without unduly hampering the recovery which we have. the deal that was struck, together with the previous work in 2011 that involved some spending cuts made some progress in both of these goals. on longer and sustainability, over the next decade or so, we have seen some movement toward...
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Jan 18, 2013
01/13
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on the income tax and less reliance the sales tax. [applause] in my budget -- in my budget, i propose to cut the sales tax in the current rate of 6.25% to 4.5% and dedicate all the proceeds to public works fund. that fund will support the transportation plan i have laid out for both existing responsibilities and the necessary and should project as well as the school building fund and other public infrastructure. under my plan, sales tax proceeds would be off-limits for any other purpose to support her education initiatives, my budget will propose that we increase income tax by one percentage point, 6.25% to make that increase fair to all according to their ability to pay will propose that we double the personal exemptions for every taxpayer and eliminate a number of itemized deductions. making those changes gives us a tax code that is sent. fair. let me add that these changes are sales income and business tax will be comparable to an competitive with other states in the region and beyond with which we compete. this is what i will prop
on the income tax and less reliance the sales tax. [applause] in my budget -- in my budget, i propose to cut the sales tax in the current rate of 6.25% to 4.5% and dedicate all the proceeds to public works fund. that fund will support the transportation plan i have laid out for both existing responsibilities and the necessary and should project as well as the school building fund and other public infrastructure. under my plan, sales tax proceeds would be off-limits for any other purpose to...
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Jan 21, 2013
01/13
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to do it he will have to raise taxes. that will be one of the number one issues on his agenda to raise taxes way beyond where we have been ever since the reagan era. >> juan, how can that be? he has to see the spending problem that we are in. what do you think the thought process is about that since has done some cuts but not enough to make a difference. what do you think his thoughts are on it? >> when you think of some of the positions of debt reduction president obama has been slow to the table in part because he doesn't see republicans as a worthy partner for the steps that have a strong political fallout. people will punish you for people cutting the entitlement programs people punish you at the polls rhetorically. one of steve's great heros congressman ryan of wisconsin took some of that risk and saw the kind of pounding that you take for saying, yes, i would make strong cuts when it comes to something like medicare. i think president obama has been reluctant to join in that junk without knowing that in fact speaker
to do it he will have to raise taxes. that will be one of the number one issues on his agenda to raise taxes way beyond where we have been ever since the reagan era. >> juan, how can that be? he has to see the spending problem that we are in. what do you think the thought process is about that since has done some cuts but not enough to make a difference. what do you think his thoughts are on it? >> when you think of some of the positions of debt reduction president obama has been...
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Jan 18, 2013
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type flat tax. host: do you think that would work? caller: i think that would eliminate all these loopholes people take twn tax code system. if you're married, own a house, have children, you get all these deductions and if you don't have any of those things, then you don't get to take any of those deductions so it's just not fair. if your income comes from capital gains there is a different tax rate for you. if the government wants to help bring the economy back, make everything fair across the board as far as taxes go. host: thanks for the call. we welcome our listeners and our focus this morning the role of government in solving america's problems. it was something that dwight eisenhower talked about in his fair well address 52 years ago this week. from our twitter page there is this from one of our viewers -- rick is joining us from maryland democrats line. good morning. caller: good morning. i think the government should be a part of our life, because without the government all these millionair
type flat tax. host: do you think that would work? caller: i think that would eliminate all these loopholes people take twn tax code system. if you're married, own a house, have children, you get all these deductions and if you don't have any of those things, then you don't get to take any of those deductions so it's just not fair. if your income comes from capital gains there is a different tax rate for you. if the government wants to help bring the economy back, make everything fair across...
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Jan 15, 2013
01/13
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tax credits to companies. they want all of these tax revenues, subsidies, everything. they should have to promise that if they build in this township, county, state, that they should stay for x number of years and if not pay a penalty. they deliver their prompt out and then they move overseas. -- they deliver their product. host: on twitter. more on open phones this morning. bakersfield, calif., democratic caller. caller: i just want to comment on the social security. the congressmen, senators, all of these talking about cutting entitlements the social security and i'm 85 years old. i started paying in when i was 15 years old working on the power line in west virginia. that is my home state. it is so corrupt, social security. they need to get these doctors and lawyers off and encourage people to go one social security and disability. host: on twitter. james in new york, republican. caller: hello. presently i'm still waiting for insurance, which i pay a premium on, from 7sandy. fema is out of money and i think they will vote this morning to do ad to the people who'd pre
tax credits to companies. they want all of these tax revenues, subsidies, everything. they should have to promise that if they build in this township, county, state, that they should stay for x number of years and if not pay a penalty. they deliver their prompt out and then they move overseas. -- they deliver their product. host: on twitter. more on open phones this morning. bakersfield, calif., democratic caller. caller: i just want to comment on the social security. the congressmen, senators,...
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Jan 16, 2013
01/13
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. >> the shippers pay a tax to the lar boar maintenance fee for such work. in recent years the senators on both sides of the aisle, including carl levin of michiganbe complain the fund has been raided for other federal spending. >> steve brown on the banks of lake michigan. thank you. >> interior secretary ken salazzar the latest official to head out the door. they say he will leave in march. he joins the secretary of state, treasury, defense, labor and the epa chief in announcing their departures. more than 8,000 new york city school bus drivers on strike tonight. many students disabled had to find other ways to school this morning. job protection is the hang up. they put a contract with the private bus up for bid. it just got tougher to have your voice heard by the white house. taking gun control at schools for what you might consider a ridiculous extreme. grapevine explains next. >> bret: the white house quadrupleed the threshold on the signatures for the lead the people petition site. the new minimum, 100,000 signatures in 30 days. that is up from 25,000
. >> the shippers pay a tax to the lar boar maintenance fee for such work. in recent years the senators on both sides of the aisle, including carl levin of michiganbe complain the fund has been raided for other federal spending. >> steve brown on the banks of lake michigan. thank you. >> interior secretary ken salazzar the latest official to head out the door. they say he will leave in march. he joins the secretary of state, treasury, defense, labor and the epa chief in...
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Jan 18, 2013
01/13
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on the income tax and less reliance on the sales tax. [applause] in my budget, in my budget i will propose that we cut the sales tax from the current rate of 6.25% to 4.5% and dedicate all of the proceeds to a public works fund. that fund will support the transportation plan i have laid out both our existing responsibility and the necessary expansion project. as well as the school building fund, and other public infrastructure. under my plan, sales tax proceeds would be off limits for any other purpose. to support our education initiative, my budget will propose that we increase the income tax by 1 percentage point to 6 % 25% to make that increase fair to all according to their ability to pay. i will propose that we double the personal exemptions for every taxpayer, and eliminate a number of itemized dedeductions. making those changes gives us a tax code that is simpler and fairer. let me add that with these changes are sales, income, and business taxes will be comparable to and other states in the region beyond with which we compete. th
on the income tax and less reliance on the sales tax. [applause] in my budget, in my budget i will propose that we cut the sales tax from the current rate of 6.25% to 4.5% and dedicate all of the proceeds to a public works fund. that fund will support the transportation plan i have laid out both our existing responsibility and the necessary expansion project. as well as the school building fund, and other public infrastructure. under my plan, sales tax proceeds would be off limits for any other...
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Jan 13, 2013
01/13
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we are talking about a sales tax and it is alled the fair tax. what it means, yes, it could start at 15 percent x. rick unger makes a good point. states have their own sales tax system . it would make a competitive health care market. here is the problem, the senior lobby would lobby hard against it because seniors paid the income taxes and when they spend income in sales tax, they would be upset about it. >> michael, just for the sake of simplicity alone. the last tax increase that we had to endure makes the tax code more complex. for the sake of simplicity don't you want. >> i want a flat income tax and that makes it simple and fair and everyone to pay the porportion of their income in taxes that gives them the same amount of sn in the game and that would slow down government spending, wow, i am going to taxed for a new program. >> steve will not give you an argument on the flat tax, but the beauty of what is happening in the state level in this country, for all of the messiness that we have in the state level they are getting their act togethe
we are talking about a sales tax and it is alled the fair tax. what it means, yes, it could start at 15 percent x. rick unger makes a good point. states have their own sales tax system . it would make a competitive health care market. here is the problem, the senior lobby would lobby hard against it because seniors paid the income taxes and when they spend income in sales tax, they would be upset about it. >> michael, just for the sake of simplicity alone. the last tax increase that we...
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Jan 14, 2013
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that means there could be a potential big tax hit if most of that money is overseas? >> yeah, that's exactly right. if you have to repatriate for use in something like this, then you have to pay the differential in the different tax jurisdictions. so while you have 5 on the books, it could be significantly less that you could actually utilize. sandra: i want to bring a report from goldman sachs. they upgraded based on quote the possibility of a leveraged buyout offer providing floor for the shares. if you own dell shares, if you want to own dell shares, what does one do right now based on the news that we have at this moment? >> well, i think outside of a takeout, the 2013 still looks better for dell than 2012. they're doing a lot of things to get them out of just the commodity pc market, into services, into servers into the upper enterprise where margins are better to look more like an ibm than maybe just a pc seller. that will be better for the company as we push through the next few quarters. i think we have a little bit better pc backdrop to boot. david: cody you
that means there could be a potential big tax hit if most of that money is overseas? >> yeah, that's exactly right. if you have to repatriate for use in something like this, then you have to pay the differential in the different tax jurisdictions. so while you have 5 on the books, it could be significantly less that you could actually utilize. sandra: i want to bring a report from goldman sachs. they upgraded based on quote the possibility of a leveraged buyout offer providing floor for...
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Jan 16, 2013
01/13
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they did not raise taxes. in addition, we have a very business friendly atmosphere. if you come to texas, we will not pull the rug out from under your feet. connell: businesses, sometimes individuals, sometimes larger businesses are leaving state than going to others mostly because of taxes. how much of that juicy and texas in texas and what industries is a really predominate. >> we do not have an income tax. that is a powerful magnet. they do not expect us to go ahead and spend beyond our means. they, in because of the business atmosphere and because we like visitors. a friendly place. the idea of getting to the numbers that you talked about during the first part of the interview and getting through the projections that this particular group put out that this $9 billion gap, specifically, how do you get there sure mark where did the cuts come from? >> i do not know where that number came. there will be a supplemental appropriations bill which we filed in a few weeks. they will fill some of the medicaid that we do not have. it is available in the surplus and it is av
they did not raise taxes. in addition, we have a very business friendly atmosphere. if you come to texas, we will not pull the rug out from under your feet. connell: businesses, sometimes individuals, sometimes larger businesses are leaving state than going to others mostly because of taxes. how much of that juicy and texas in texas and what industries is a really predominate. >> we do not have an income tax. that is a powerful magnet. they do not expect us to go ahead and spend beyond...
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Jan 20, 2013
01/13
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without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do despite so many people moving. but it is good we have places like texas. smaller government meanss tomor "fox & friends."nt meanss tomor >> tune in for the after the show show. >> brenda: the people have spoken. 83% of americans calling government spending out of control. so, what do some democratic lawmakers want to do? get rid of the nation's debt limits. they say it's keeping the economy down but won't getting rid of it just push the economy down even more? hi, everyone, i'm brenda buttner, this is bulls and bears and let's get right to it. the bulls and bears this week, gary
without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do...
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Jan 20, 2013
01/13
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CNN
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the president won the election and all about taxes and he got his taxes. $60 billion a year and runs the government for five days. he has to challenge his party on spending, which he has not been willing to do. >> first of all, we're not talking about 30, we had 85 votes. it doesn't help if you caricature. the fiscal cliff a deal/deal and joe biden. we got less than we wanted. i would have liked to have based taxes on people making $300,000 a year. but we had 85 republicans for that. on the hurricane, that was a very bipartisan deal in the senate and the notion that we were going to peel off a few, that shouldn't be partisan at all. after spending, i agree. here's the problem. the biggest increase in spending in the last, in this century has been a military spending. unpaid for in iraq, an unnecessary war. afghanistan, military spending else where. i very much want to cut spending but people who want to exempt the military from spending cuts. >> you have to have the last word on that. >> every penny to the pentagon and every penny the government spends, we still borrow $300 billion a
the president won the election and all about taxes and he got his taxes. $60 billion a year and runs the government for five days. he has to challenge his party on spending, which he has not been willing to do. >> first of all, we're not talking about 30, we had 85 votes. it doesn't help if you caricature. the fiscal cliff a deal/deal and joe biden. we got less than we wanted. i would have liked to have based taxes on people making $300,000 a year. but we had 85 republicans for that. on...
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Jan 19, 2013
01/13
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that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? guess again, the sticker shock stunner that's slamming us all and the government denies it. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. progress-oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your progress-oh! story on facebook. yeah. then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? >> good morning, everyone, we're live in
that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? guess again, the sticker shock stunner that's slamming us all and the government denies it. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not...
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Jan 20, 2013
01/13
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that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? your wallet? guess again, the this is $100,000. your wallet? guess again, the we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takesore money than a stranger, you need an ally. ally bank. your money needs an ally. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. address is on the steps on monday. i'm jamie colby. back to bulls and bears right now. >> brenda: so, first the price spikes and now the price hikes. chipotle warning of higher menu prices because of higher food costs. a
that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? your wallet? guess again, the this is $100,000. your wallet? guess again, the we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takesore money than a stranger, you need an ally. ally bank. your money needs an ally. executor of...
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Jan 15, 2013
01/13
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then it raises $80 in revenue through its tax code. the arithmetic care -- you have got to borrow $20. no, the congress has to give a third rule which says that 100 - 80 equals 20. if the congress is approving spending and taxing, and they are not equal, then logically, there has to be something to make up the difference. that is borrowing. i am not saying that visits and deaths are a good thing thing. not at all. the way to address it is to have a sensible plan for spending and revenue. make decisions about helping the government should be or how small it should be. again, this sort sort of like a family saying, well, we are spending too much, let's stop paying our credit card bills. that is not the way to get yourself into good financial condition. i think it would be a good thing if we did not have it. i do not think that is going to happen. i think it is going to be around. i do hope that congress will allow the government to pay its bills. not raise the possibility of default. that would be very costly to our economy. then address
then it raises $80 in revenue through its tax code. the arithmetic care -- you have got to borrow $20. no, the congress has to give a third rule which says that 100 - 80 equals 20. if the congress is approving spending and taxing, and they are not equal, then logically, there has to be something to make up the difference. that is borrowing. i am not saying that visits and deaths are a good thing thing. not at all. the way to address it is to have a sensible plan for spending and revenue. make...
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Jan 16, 2013
01/13
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MSNBCW
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bill install and he works his magic and the phones and gets his way on that and gets his way on the tax bill that kennedy couldn't get through. my question is when you look at the great skills and the talents that lbj had dealing with the senate and congress, do they really apply in the era of hyper polarization that we live in? the republican leader. does mitch mcconnell respond with the same? >> i think you have to remember that there was terrific polarization in the 1960s. the democratic party was in control of tourn democrats who were against the kifl rights bills and controlled the mitties. the house were mostly in control of people against the bills. they were also against most of the great society programs. he had to find republicans that would support him. what the hell is say presidency for is a quote of johnson when early 64 before his first state of the union after kennedy died, his entire staff said don't go for the civil rights bill. it's a presidential election year and hang on to the presidency and we will do it after that. he said what the hell is say presidency for? we
bill install and he works his magic and the phones and gets his way on that and gets his way on the tax bill that kennedy couldn't get through. my question is when you look at the great skills and the talents that lbj had dealing with the senate and congress, do they really apply in the era of hyper polarization that we live in? the republican leader. does mitch mcconnell respond with the same? >> i think you have to remember that there was terrific polarization in the 1960s. the...
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Jan 21, 2013
01/13
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as well on the tax cuts. the president agreed to extend the tax cuts, and even republicans privately said they were surprised they got a clean extension from him. there certainly is the impression the president compromise too much in his first term. that is why you see this different approach that we've been talking about since the beginning of a more aggressive, combat of obama, but also on obama that reaches out to the public to try to bring public pressure to bear on republicans, and who did that. president reagan did that. it is more of a model that reagan used. you will see him apply that to all of the issues in the pipeline. host: let me go back to something the president said in his address today. he talked about life, liberty, and the pursuit of happiness. in terms of the tactics of moving ahead on the guns agenda, we also heard the president last week talking about the inalienable rights of the average american, and that includes protecting our children. you can see a different twist on the constitut
as well on the tax cuts. the president agreed to extend the tax cuts, and even republicans privately said they were surprised they got a clean extension from him. there certainly is the impression the president compromise too much in his first term. that is why you see this different approach that we've been talking about since the beginning of a more aggressive, combat of obama, but also on obama that reaches out to the public to try to bring public pressure to bear on republicans, and who did...
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Jan 14, 2013
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taxes. that is a radical move. he wants to shift instead to a sales tax, higher sales tax, shifting from income taxes to consumption taxes. he thinks that will give the state growth, bring in employers, create jobs, make the economy of louisiana expand, and basically progress. >> he's saying if you make louisiana a great place to come, companies will come. >> yes. >> peter: and people will have work? >> yes. >> peter: but the trade-off is, higher sales tax. so the question today is, that a regresssive tax? >> yes. >> peter: as you economists say? >> yes. >> peter: what does that mean? >> everybody pays it. no relation to how much you earn. it's how much you spend. you pay tax according to what you spend. a sales tax, it tax consumption. so in that sense, yes. it is regresssive. but on the other hand, if the absence of income taxes creates a growing economy, everybody wins from that. >> peter: some states don't have income tax. >> there are seven. i'll read them, alaska, florida, nevada, sout
taxes. that is a radical move. he wants to shift instead to a sales tax, higher sales tax, shifting from income taxes to consumption taxes. he thinks that will give the state growth, bring in employers, create jobs, make the economy of louisiana expand, and basically progress. >> he's saying if you make louisiana a great place to come, companies will come. >> yes. >> peter: and people will have work? >> yes. >> peter: but the trade-off is, higher sales tax. so the...
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raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that what our government do whatever they wanted. guest: not enough people are calling their representatives and senators about the debt ceiling and the way we've handled the last 12 months. what you have to do is call your congressman or senator. someone will answer and be polite to you. you have to insist to get the message through. elections have consequences. the division right now is very extreme. are we being played? politicians will wait until the last second until they do what is the right thing. i expect to happen this time is we will get around that during 26th or 27th
raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that...
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Jan 15, 2013
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xlees with tax breaks for rum distillers? i need a drunk. >>> i'm kry is tal ball. are we turning our kids in to narcissists? >>> a dope. lance armstrong comes clean to the queen of talk but who needed the interview more, lance or oprah? >>> i'm shooting straight coming to guns. ready, aim? "the cycle" is on fire. >>> the house is back and getting serious about the constitution. members spent 1:05 reciting the entire u.s. constitution. it's the basis of our government, of course, but this is only the second time ever the entire document was read aloud in the house. >> we the people of the united states in order to form a more perfect union -- >> no person except a natural-born citizen shall be eligible to the office of president. >>> the powers to all cases of law and equity. >> full faith and credit given in each state to the public acts. >> congress shall make no law respecting an establishment of religion, the right of the people to keep and bear arms shall not be infringed. >> neither slavery nor involuntary servitude shall exist within the united states. >> the
xlees with tax breaks for rum distillers? i need a drunk. >>> i'm kry is tal ball. are we turning our kids in to narcissists? >>> a dope. lance armstrong comes clean to the queen of talk but who needed the interview more, lance or oprah? >>> i'm shooting straight coming to guns. ready, aim? "the cycle" is on fire. >>> the house is back and getting serious about the constitution. members spent 1:05 reciting the entire u.s. constitution. it's the...
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Jan 15, 2013
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i've also said that we need more revenue through tax reform by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they don't think it's fair, for example, to ask a senior to pay more for his or her health care, or a scientist to shut down lifesaving research so that a multimillionaire investor can pay less in tax rates than a secretary. they don't think it's smart to protect endless corporate loopholes and tax breaks for the wealthiest americans rather than rebuild our roads and our schools, invest in our workers' skills, or help manufacturers bring jobs back to america. so they want us to get our books in order in a balanced way, where everybody pulls their weight, everyone
i've also said that we need more revenue through tax reform by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision...
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Jan 17, 2013
01/13
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tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment r low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worse
tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment r low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to...
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Jan 17, 2013
01/13
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tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ [ male announcer ] now many humana medicare plans come with a little extra help in the kitchen. in a first of its kind partnership with walmart, humana medicare plans now include 5% savings on great for you healthier foods at walmart! it's part of the vitality healthyfood program... and one more way humana medicare can help you choose what's good for your health and your wallet. so you can spend a little less money... and spend a little more time sharing what you know with the people who matter most. humana. ♪ neil: cornhusker playing tax buster. the republican governor is not showing taxes love. double down on cuts and a lot of cuts. he joins republicans looking to roll back a variety of taxes. dave right now, governor, exbrain you are doin
tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ [ male announcer ] now many humana medicare plans come with a little extra help in the kitchen. in a first of its kind partnership with walmart, humana medicare plans now include 5% savings on great for you healthier foods at walmart! it's part of...
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Jan 15, 2013
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tax bill. and, because there's so much of the lessons is, so much to complain about. the business roundtable has been out there leading the charge in single, this is crazy. our corporate tax rate is now the highest in the world. putting us in a pretty bad position. so, you know, again, i almost never say this, but this does come down to leadership, and this does come down to three people. the president, somebody innocent, and somebody in the house. been willing to put aside all the special interests, lock the lobbyists out of the room, and come up with a tax bill. people know what should be in it, right? we know that there's a lot of justice done -- a lot of injustice done in the tax bill. but it does take that kind of moment to happen. it did happen once before in our lifetimes, and maybe it will happen again. and hoping maybe even this year or next year spend your optimistic? >> i actually am, only because in what happened in the discussion about the deficit is that it opened up a discussion
tax bill. and, because there's so much of the lessons is, so much to complain about. the business roundtable has been out there leading the charge in single, this is crazy. our corporate tax rate is now the highest in the world. putting us in a pretty bad position. so, you know, again, i almost never say this, but this does come down to leadership, and this does come down to three people. the president, somebody innocent, and somebody in the house. been willing to put aside all the special...
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Jan 14, 2013
01/13
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various tax proposals are taking shape that could cut taxes in a big way. matt mccall, penn financial group. steve moore, "wall street journal.". good morning. love having you on. we can talk about what the government is doing with he have too. talk about what the markets are doing with matt. stephen moore, tell me, bobby jindal in louisiana, what his idea is, that is helping to drive this headline today? >> well, bill, he wants to make louisiana one of those, join the ranks of those nine states across the united states that don't have an income tax. those are states like texas and florida and tennessee and new hampshire and washington, navy. they're doing develop economically much better. art laffer who you have on the show a lot and we do a study, called rich states, poor states we find significant growth in those that don't have income taxes. texas isp booming. florida is doing well, tennessee. louisiana wants to join the states to get more job and higher income jobs. bill: bobby jindal wants to get in on the action? >> yeah. bill: what is the effect whe
various tax proposals are taking shape that could cut taxes in a big way. matt mccall, penn financial group. steve moore, "wall street journal.". good morning. love having you on. we can talk about what the government is doing with he have too. talk about what the markets are doing with matt. stephen moore, tell me, bobby jindal in louisiana, what his idea is, that is helping to drive this headline today? >> well, bill, he wants to make louisiana one of those, join the ranks of...
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Jan 16, 2013
01/13
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how to stop talking about legitimate rape and insulting women, science 101, creating tax breaks and tax shelters for millionaire campaign donors and, after that ppp poll showing how unpopular congress really is, there's how to increase our approval ratings. what root canals, traffic jams, cockroaches, and head lice are doing to us. and republicans are presumably doing wrong i guess. >>> up next, the house of representatives will be voting tonight on a big aid package for the victims of hurricane sandy. but will republicans go along with it? especially from the south. you're watching "hardball," the place for politics. southern tornado, for example, no one raised the question of spending cuts. but now in the northeast, when the aid was needed there, this issue of fiscal conservatism and trying to trim the budget in one place to help others elsewhere became so heated. so what you've got now is it was a process but they have passed more than $50 billion in aid. it covers a range of things including money for fema to rebuilding transportation and so forth. it has to go back to the senate, b
how to stop talking about legitimate rape and insulting women, science 101, creating tax breaks and tax shelters for millionaire campaign donors and, after that ppp poll showing how unpopular congress really is, there's how to increase our approval ratings. what root canals, traffic jams, cockroaches, and head lice are doing to us. and republicans are presumably doing wrong i guess. >>> up next, the house of representatives will be voting tonight on a big aid package for the victims of...
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Jan 15, 2013
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and many thought president obama wanted to go over in order to raise taxes. to do the same thing over the debt ceiling and get full blame for it, it could genuinely destroy the republican party, of course while destroying the economy. >> there is that little problem, for republicans. so what about this point, ezra, that the president, the federal government could easily meet its obligations on actual debt payments through bonds and that sort of thing. but it would be the spending, the discretionary spending that they would have to cut under these circumstances. so there wouldn't ever be, many republicans insist they wouldn't ever be a realistic prospect of default in this. and that is why the president uses the word "obligations," instead of the word debt because they may just agree with them that there wouldn't actually be a debt default. >> it is unclear, we literally don't know what would happen because it never happened bef e before. so a legal authority is not all obvious. so there is a question, for the treasury department, to decide if we pay off the b
and many thought president obama wanted to go over in order to raise taxes. to do the same thing over the debt ceiling and get full blame for it, it could genuinely destroy the republican party, of course while destroying the economy. >> there is that little problem, for republicans. so what about this point, ezra, that the president, the federal government could easily meet its obligations on actual debt payments through bonds and that sort of thing. but it would be the spending, the...
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Jan 16, 2013
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the president ran on raising taxes on the upper class. he raised taxes on 77% of us. where are the spending cuts? guest: the president laid out in his press conference there have been $1.5 trillion in terms of spending cuts and caps on appropriation bills. those caps have been adhered to. it is a myth we have not had spending cuts. are we going to hit health care? i feel deeply in terms of research. a quick story. my wife ran a group at nih. when she started, there would have for peer review 100 applications. maybe 50 of them were topflight and there were reviewed by peer review. out of that they might pick 25 that should be funded. in those days, there was enough money of the top caliber to fund may be 10, 15. wo, or it is one, tow, o three of the original 100. there is not adequate funding for our health. are we going to further cut funding for nih for health research in this country? we need to retrain americans so they can qualify for every kind of job. we have a trainee deficit in this country. we need to do a better job. are we going to hurt that effort? that is
the president ran on raising taxes on the upper class. he raised taxes on 77% of us. where are the spending cuts? guest: the president laid out in his press conference there have been $1.5 trillion in terms of spending cuts and caps on appropriation bills. those caps have been adhered to. it is a myth we have not had spending cuts. are we going to hit health care? i feel deeply in terms of research. a quick story. my wife ran a group at nih. when she started, there would have for peer review...
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Jan 14, 2013
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i have also said that we need more revenue, through tax reform, by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision about the approach they prefer. they don't think it is fair, for example, to ask a senior to pay more for his or her health care or a scientist to shut down life heavy saving research so the that a multimillionaire investor can pay less in tax rates than a secretary. they don't think it is smart to protect endless corporate loopholes and tax breaks for the wealthiest americans, rather than rebuild our roads and our schools, invest in our workers skills or help manufacturers bring jobs back to america. so they want us to get our books in order in a balanced way where everybody pulls their weight,
i have also said that we need more revenue, through tax reform, by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision...
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Jan 20, 2013
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by april 15, tax day. the democratic one senate has not approved such a resolution in almost four years. this is not the result of washington gridlock. harry reid said it would be foolish for his party and then does the senate to produce a budget. we disagree. with more than $16 trillion in debt, we believe is foolish not to have a budget. in the house, and it will again meet our legal obligations to pass the budget on time. our budget will moderate spending, pay our bills, and keep the government running. it will be planned to slowly but surely, what our nation out of debt, deficit, and declined garrett on your behalf, we will insist the democrats who run the rest of washington to the same. this debate is often argued in numbers and figures but it is really about and families like yours that bear the burden of a slow economy. constant uncertainty and. ever-changing government rules chase our jobs and opportunities overseas. when day to day life costs more and jobs pay less, we do not solve the problem by
by april 15, tax day. the democratic one senate has not approved such a resolution in almost four years. this is not the result of washington gridlock. harry reid said it would be foolish for his party and then does the senate to produce a budget. we disagree. with more than $16 trillion in debt, we believe is foolish not to have a budget. in the house, and it will again meet our legal obligations to pass the budget on time. our budget will moderate spending, pay our bills, and keep the...
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obama demands the wealthy pay their fair share of taxes, but he is just another elitest hypocrite when it comes to protection for their kids. >> the nra suffered a big loss in new york today with governor andrew cuomo signing into law the toughest gun control legislation in the country, strengthening the state's existing assault weapons ban. >> going to put rules in place that actually protect innocent people in society. that is what the state of new york is doing today. and it says common sense can win. and good people can win. and you can actually get government to work and get good things to happen. you can overpower the extremists with intelligence and with reason and with common sense. >> the nra immediately released this statement. these gun control schemes have failed in the past and will have no impact on public safety and crime, sadly, the new york legislature gave no consideration to that reality while lawmakers could have taken a step towards strengthening mental health reporting. instead, they opted for stopping the rights of gun owners and they did it under a veil of secre
obama demands the wealthy pay their fair share of taxes, but he is just another elitest hypocrite when it comes to protection for their kids. >> the nra suffered a big loss in new york today with governor andrew cuomo signing into law the toughest gun control legislation in the country, strengthening the state's existing assault weapons ban. >> going to put rules in place that actually protect innocent people in society. that is what the state of new york is doing today. and it says...
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Jan 19, 2013
01/13
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we'll let you raise taxes on the rich. which only will reyour trillion dollar deficit spending each year 5%, folks. so they gave them that. what does he come back with? we want more. i want more tax hikes which aren't going to do anything to calm the debt and the spending. he is not willing, and so i think back to what joe said. i think marco said this too. small business owners and large corporations can't trust the president. that's why they're sitting on top of all this cash and not hiring. that doesn't bode well. neil: marco, quickly you see nothing to dissuade you or some of your colleagues from getting off that? >> businesses are still growing, neil but they're not growing as much as they otherwise would. and that uncertainty has a very real trickle down effect. i'll use us as an example. we're building a new gio pronto restaurant right now. i would have loved to borrow the total investment from people like joe and gold coast banking. no way i'm going to do that based on uncertainty. i go borrow less than i would oth
we'll let you raise taxes on the rich. which only will reyour trillion dollar deficit spending each year 5%, folks. so they gave them that. what does he come back with? we want more. i want more tax hikes which aren't going to do anything to calm the debt and the spending. he is not willing, and so i think back to what joe said. i think marco said this too. small business owners and large corporations can't trust the president. that's why they're sitting on top of all this cash and not hiring....
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Jan 14, 2013
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i didn't say i wouldn't have any conversations about extending the tax cuts. what i said was we wouldn't extend bush tax cuts for the wealthy and we didn't. you could argue during the campaign i set the criteria for wealthy at 250, and we ended up being at 400. but the fact of the matter is, millionaires, billionaires, are paying significa ining signific taxes just like i said. from the start my concern was making sure that we had a tax code that was fair and that protected the middle class. and my biggest priority was making sure that middle class taxes did not go up. the difference between this year and 2011 is the fact that we've already made $1.2 trillion in cuts. at the time i indicated that there were cuts that we could sensibly make that would not damage our economy, would not impede growth, i said at the time i think we should pair it up with revenue in order to have an overall balanced package. but my own budget reflected cuts in discretionary spending. my own budget reflected the cuts that needed to be made. and we've made those cuts. now, the challe
i didn't say i wouldn't have any conversations about extending the tax cuts. what i said was we wouldn't extend bush tax cuts for the wealthy and we didn't. you could argue during the campaign i set the criteria for wealthy at 250, and we ended up being at 400. but the fact of the matter is, millionaires, billionaires, are paying significa ining signific taxes just like i said. from the start my concern was making sure that we had a tax code that was fair and that protected the middle class....
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Jan 21, 2013
01/13
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they feel they got their taxes hiked. >> i would be surprised if we are talking taxes. >>neil: what are we talking? autumnized deductions. >>neil: they were almost trimmed back, right? >> first, the goal would be to get four plus trillion. it would be great to get 2.5-1, spending cuts to revenues. >>neil: not 40-1. you think the ratio will be more even. >> it will be if you include the first $1.2 trillion part of the budget control act, you will see that is proposal the next that is more 1-1 so you will see around 2-1 i think. >>neil: we could argue over that. >> we argued before. i won that. >>neil: whatever. could i get your sense of where this is going? with the republican mood today trying to postpone the delegate sealing deadline for a few months, they trying to get their ducks in order, they are trying to get the immediate pressure off as much as the country but what do you think the markets which are closed, with do in reaction to the constant kicking the can. >> i am surprised by the buoyancy of the market. the next 45 to 60 days has incredible uncertainty. the
they feel they got their taxes hiked. >> i would be surprised if we are talking taxes. >>neil: what are we talking? autumnized deductions. >>neil: they were almost trimmed back, right? >> first, the goal would be to get four plus trillion. it would be great to get 2.5-1, spending cuts to revenues. >>neil: not 40-1. you think the ratio will be more even. >> it will be if you include the first $1.2 trillion part of the budget control act, you will see that is...
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taxes. for people not earning that much, you may think well, who cares then. well, analysts say this is going to have a significant impact on the economy. families have less money to spend, especially in local stores, eating out or on vacation. that in turn could hurt our job market once again. coming up in our next hour of mornings on 2, the action some people say they're going to take that could really have a devastating effect on them later in life and on our economic future. tori, dave? >> pam, thank you. >>> time 7:49. inauguration day for president obama is one week from today. organizers held a dress rehearsal getting ready for the big event. >> this was the scene on the streets of washington, d.c. just yesterday. there was this rehearsal parade along with a mock swearing in ceremony. president obama's second inauguration will be smaller than his historic first swearing in. turnout is expected to be between 600,000 to 800,000. that compares to a record 1.8 million people four years ag
taxes. for people not earning that much, you may think well, who cares then. well, analysts say this is going to have a significant impact on the economy. families have less money to spend, especially in local stores, eating out or on vacation. that in turn could hurt our job market once again. coming up in our next hour of mornings on 2, the action some people say they're going to take that could really have a devastating effect on them later in life and on our economic future. tori, dave?...
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Jan 20, 2013
01/13
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. >> i need the "time to pay taxes" watch. >> okay we can't find the other watch but it's here some place. i need about $1 million in financing. that world work on this new watch. this is called a "flip" watch. two watches in one. people don't buy watch anymore just to tell the time. they buy watches to tell something about themselves. so this watch you could be -- in this case it's an obama inaugural watch. one watch here and one watch there. >> i'm going to stop you so you get the million dollars. what do you need it for? >> licensing and cash flow. >> got it. okay. you guys, you have a watch. i wonder if this will influence monica's decision. i suspect not. how do you think -- into job. right? how do you think you did, monica? >> i think that his pitch was great. i think you have a catchy product that's fun but for a million dollars i would be looking for a company that has the opportunity to scale so i'd really want to know how you're going to grow this business post his second term, because there may be a big slipdown in terms of people's interest in showing their obama support. >> y
. >> i need the "time to pay taxes" watch. >> okay we can't find the other watch but it's here some place. i need about $1 million in financing. that world work on this new watch. this is called a "flip" watch. two watches in one. people don't buy watch anymore just to tell the time. they buy watches to tell something about themselves. so this watch you could be -- in this case it's an obama inaugural watch. one watch here and one watch there. >> i'm going...
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Jan 21, 2013
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his government should do more to help the elderly and vulnerable and less to help millionaires with tax cut question mark >> we are doing more to help the elderly. a record increase in the basic state pension. bigger than what the party opposite would have done with their roles. keeping the cold weather payments at the higher level. the last rt only introduced before the election. keeping our promise. taking all of those steps and making sure that energy companies will have to put people on the lowest. that is a record we should be proud of. >> my constituency is enduring something hideous. thanks to the european union. with my right honorable friend remind us that the british economy -- businesses far less able to cope with -- >> my honorable friend is absolutely right. as mrs. are complaining about the burden of regulation. not just from europe, but more generally. that is why we should be fighting in europe for more flexible europe and a europe where received regulations come off. the view of the party opposite is to sit back, do nothing, and never listen to the british people or bus
his government should do more to help the elderly and vulnerable and less to help millionaires with tax cut question mark >> we are doing more to help the elderly. a record increase in the basic state pension. bigger than what the party opposite would have done with their roles. keeping the cold weather payments at the higher level. the last rt only introduced before the election. keeping our promise. taking all of those steps and making sure that energy companies will have to put people...
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Jan 13, 2013
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host: another view is that the tax on senator hagel are really a tax on president obama. john is joining us on the democrats' line from pennsylvania. are you with us? caller: i certainly am. my town is located outside of philadelphia. [indiscernible] it is close to philadelphia. thank you for permitting me to speak. thanks for c-span. this issue is fraught with a lot of anxiety. it is an explosive issue. this is bringing the lobby from behind the curtain. mr. clemons is a good spokesman for senator hagel's side. if he says the wrong thing, he could lose his position in the community. it is astonishing to me that people have been so wrong from day one. the people have been wrong. iraq is a disaster with trillions of dollars. afghanistan is a disaster. we do not know what is going on. in syria, the christians are terrified. chuck hagel is reasonable. what did he say that has so destructive -- disrupted it all? he said the jewish lobby intimidate people. to people knowledgeable and aware, this is not an issue. host: this is someone from the republican line. this is slowly an
host: another view is that the tax on senator hagel are really a tax on president obama. john is joining us on the democrats' line from pennsylvania. are you with us? caller: i certainly am. my town is located outside of philadelphia. [indiscernible] it is close to philadelphia. thank you for permitting me to speak. thanks for c-span. this issue is fraught with a lot of anxiety. it is an explosive issue. this is bringing the lobby from behind the curtain. mr. clemons is a good spokesman for...
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Jan 16, 2013
01/13
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let me ask you about tax reform. you told politico last week that a, quote, a balanced approach to replacing the sequester with spending cuts and revenue should accelerate tax reform, and i believe it's fully possible this year if we work on a bipartisan basis, unquote. how does that square, sir, with the people who say that tax reform is going to lose out because of scheduling, the need to deal with the debt ceiling, the need to deal with the looming she quester and the house republicans' concern that if they do anything on tax reform, that they may leave themselves up to the senate not to take action, and, therefore, they've taken an unpopular vote for no reason. why are you optimistic on tax reform? >> first of all, we have to resolve this debt can crisis in terms of -- this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. in the next six weeks. we aren't going to accomplish tax reform in the next six weeks. so we have a deadline that i think cannot basically be moved for
let me ask you about tax reform. you told politico last week that a, quote, a balanced approach to replacing the sequester with spending cuts and revenue should accelerate tax reform, and i believe it's fully possible this year if we work on a bipartisan basis, unquote. how does that square, sir, with the people who say that tax reform is going to lose out because of scheduling, the need to deal with the debt ceiling, the need to deal with the looming she quester and the house republicans'...